Representative Example: If you borrowed $5,000 over a 36 month period and the loan had an 5.99% arrangement fee ($299.5), your monthly repayments would be $175.99, with a total payback amount of $6,335.78 which including the 5.99% fee paid from the loan amount, would have a total cost of $1,335.78. Representative 11.99% APR.
Personal loans offer a flexibility that other types of loans such as car loans and mortgage loans do not offer, since it can be used for a variety of reasons. Personal loans are repaid over a fixed period of time and often times carry a fixed interest rate. Once approved by a lender, you will receive your loan amount up front, and be required to pay the money back with interest in regular monthly payments to your lender
FastLoanDirect services are provided free of charge to you. However, the lender you are connected with will typically charge you applicable fees and/or interest depending on the lender and the loan agreement. No matter the case, before you sign any loan agreement, the lender must provide you with full disclosure of the terms of the loan agreement so you can make the decision that is right for you. Please note that it is important to read through the terms of the agreement prior to signing.
The Annual Percentage Rate (APR) is the annual rate charged for borrowing and is expressed as a percentage that represents the actual yearly cost of funds over the term of the loan. As loans can vary in terms of interest-rate structure, transaction fees, late penalties and other factors, a standardized computation such as the APR provides borrowers with a bottom-line number they can easily compare to rates charged by other lenders. Because FastLoanDirect does not provide loans itself, it is important to contact the lender you are connected with directly to obtain the specific details of your loan agreement.
|Loan Term||12 months||24 months||36 months||48 months|
The personal loans offered by lenders in our network have a 61-day minimum repayment and a 72-month maximum repayment term. Each lender has to explicitly describe the loan on the loan agreement, therefore we advise that before accepting any loan, you read the loan agreement , especially the parts that contain detailed information about APR and repayment terms.
Every lender has different late payment penalties and policies. Generally speaking, if you are late on a payment, a lender may charge you with a late penalty. Thus, it is important to set yourself a reminder so that issues of late payment or non-payment do not occur. Because non-payment and late payment penalties differ by lender, please contact the lender you are connected with directly if you have any concerns or issues repaying your loan.
FastLoanDirect is not a lender, does not make loans of any type, and does not make credit decisions. The trusted lenders that we work with may, however, may perform credit checks with the three credit reporting bureaus: Experian, Equifax, or TransUnion or may perform alternative credit checks or consumer reports through alternative providers. By submitting your loan request, you agree our lenders to verify your personal information and perform a credit check.
FastLoanDirect does not charge a fee for its services. We are a service that connects consumers such as yourself to trusted, reputable lenders who may be able to assist you with your financial needs. FastLoanDirect has an advertising relationship with some of the offers included throughout its website. However, the listings of our offers are in no particular order and are based on objective analysis. FastLoanDirect may contain affiliate links that may result in a commission, which allows us to provide this service free of charge to you.
Please note that each state has specific State Usury Laws which are in place to protect consumers from unscrupulous lenders and excessive interest rates. As a consumer, you have the right to waive the Usury Law set interest rates; this can be done through your contract with the lender you are connected with. As a result, State Usury Laws that apply to your state of residence may have no effect on the actual rates you agreed to pay. Lending criteria vary from state to state and not all of our lenders operate in every State. FastLoanDirect does not operate in NY, CT, VT, WV, AK and GA. FastLoanDirect connects consumers with lenders that adhere to State Usury Laws and that charge (including fees and interest), an APR rate of 5.99% minimum to 35.99% maximum, but within legal limits that have been set by that State. Responsibility for ensuring that any agreement you enter into meets your State’s Usury Laws are that of the lender you may be connected with
FastLoanDirect works with trusted and reputable lenders who comply with the Truth in Lending Act meaning our lenders supply loan offers and loan agreements that are understood as best practices and required by Federal Law. Truth in Lending Act helps protect consumers such as yourself against predatory and unscrupulous lending. Please note that you do not have to accept any loan agreement that have terms, interest rates (including APR rates), and fees that do not meet your satisfaction. The choice to proceed with a loan with a lender, once connected, is yours. Before agreeing to any loan agreement, please read all the terms carefully so you are fully understand information related to your loan including APR rates, fees, and repayment terms.
FastLoanDirect strongly recommends that you pay all of your outstanding debt/loans/bills when they are due. This will ensure that you will have a good payment record and minimize negative repercussions. Each lender or lending partner that FastLoanDirect works with has their own terms and conditions governing the specific implications of missing a payment. However, if the lender or lending partner does not receive a payment the likely result is that the lender or lending partner will begin collection procedures against you and you will no longer be able to receive any more loans Therefore, it is important for you to both understand the specific requirements for repayment and the repercussions of missing a payment. And, again we strongly urge you to pay all outstanding debts/loans/bills on time.
FastLoanDirect’s network of lenders may need to conduct a credit check to determine your creditworthiness. By submitting a loan request, you agree to allow our lenders to access to your personal information and to conduct a credit check. Please note that late or missing payments, or defaulting on a loan may impact your credit score negatively.
FastLoanDirect works with trusted, reputable lenders who utilize fair collection practices. Because FastLoanDirect is not a lender, we are not involved in any debt collection practices. The specific practices used by the lender you are connected with will be stipulated in your loan agreement. If you have further questions regarding collections, please consult your lender for more details.